| A surge in commodity prices, from oil to iron to copper, boosted the Australian and Canadian dollars against the US greenback on Monday but other major currencies were stable. A surge in commodity prices, from oil to iron to copper, boosted the Australian and Canadian dollars against the US greenback on Monday (Mar 7) but other major currencies were stable.
Australia's dollar jumped 0.7 per cent to 74.7 US cents while the Canadian currency traded up 0.4 per cent at CAN$1.3284 per one US dollar. But with markets already having prepared for more stimulus from the European Central Bank this week, and lack of any clear policy signal from two senior federal Reserve officials in speeches on Monday, the US dollar-euro rate was little-changed from Friday at US$1.1013...............................................Full Article: Source
|